Avvasi raises $15 Million Follow-On Investment

by Rob Lewis | Business

Waterloo's Avvasi announced today that is has rasied a $15 Million Series B round. The financing was led by Celtic House Venture Partners and Tech Capital Partners.

Joining the investment syndicate as a new investor is the Ontario Emerging Technologies Fund (OETF), a $250 Million fund established by the Province of Ontario to co-invest alongside qualified investors in innovative, high-growth, private Ontario companies.

Avvasi is developing solutions that enable mobile network providers to measure, improve and monetize mobile video.

Avvasi's core technology has deep roots in the Waterloo region. The company's founders were well-known to Celtic House, as they were previously part of the engineering team at Waterloo-based PixStream, a Celtic House Fund I portfolio company. PixStream was acquired by Cisco in 2000.

Our interest is primarily in engineers, scientists, or researchers who have developed technologies that solve difficult industry problems – problems that are substantial enough to compel customers to adopt the new technologies. We are also interested in disruptive technologies that have the potential to create entirely new markets. We want to work with company founders who have set their sights... more

Waterloo, Ontario, Canada

Avvasi is an early stage venture backed company developing next generation video networking technology. If you are interested in being part of a dynamic start-up team working on state of the art technology, visit the careers page and drop us a line. more

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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more

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